BHIM Referral Bonus Scheme & Cashback Scheme
Our Prime minister has launched Bhim Aadhar based merchant app for accepting payment from customer by using there aadhar identity. After this 2 new schemes named “BHIM Referral Bonus Scheme ” and “BHIM Cashback Scheme” for Consumer and Merchant was also launched
Object of launching BHIM referral and cashback scheme is to increase the use of BHIM App and hence the digital payment. Overall Government outlay budget of Rs.495 crore for the first six month of the implementation of this scheme. Initially this scheme was started from Nagpur for all the BHIM App users.
BHIM Referral Bonus Scheme
BHIM Referral Bonus Scheme is meant for Consumers, under this scheme cashback will be given to both new and existing users of BHIM App for referring this app to the new users. Cashback earn from this scheme will directly get credit to their respective account. If you made one successful referral, then Rs.10 will be credited to your account and if you create 3 new users of this app then Government will credit Rs.10 into your account.
BHIM Cashback scheme
BHIM Cashback scheme is meant for merchant under this scheme merchant will get cashback on every transaction made through this app, and you will also get Rs.25 for installing BHIM App for using it for your business transaction.
Process of getting cashback : You just need to have more than 50 valid credit transactions from your BHIM or UPI using customers. But make sure at least 20 credit transactions are from unique customers. Remember, a valid credit transaction is always above Rs.25/-.
